stumbleine in Carrollton is doing 32 things including…

save $5000

18 cheers

 

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stumbleine has written 2 entries about this goal

Untitled

Unforeseen circumstances prevented me from getting anywhere close. but oh well, I’m not really all that concerned. I’ve got completely different kinds of goals these days.



Untitled

I’ve set up a pretty strict financial plan for myself, starting this January. I figure December is a pretty hectic month, and I still have a bunch of Christmas presents to buy, so I won’t really start organizing this until January.

I’m going to cancel the savings account I have under my mother’s name and, using the $1000 I have in the bank now, buy a Certificate of Deposit with a term of 12 months (5.4% interest). Then, I’ll place whatever money I have leftover at home (should be about 500+) into my own account. I’m going to limit my spending to 100-200 a month, which shouldn’t be difficult at all, and then save everything else. I figure that’ll leave me with about $200-$400 a month in savings. Once my account reaches $1500, I’ll put it in a money market account for higher interest rates.
So, barring any unforseen circumstances or emergencies, I should be able to easily secure $5000 by the time I turn 18.



stumbleine has gotten 18 cheers on this goal.

 

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